Market Update
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Property Prices Are Rising
What does this say for Australian homeowners? First, there’s the scenario wherein housing purchases can overtake the rate of housing rentals. This means that people, backed by solid Australian lending legislation, are more likely to purchase properties than to rent them. When lending legislation is combined with proper economic management, homeowners are ensured that their assets won’t suffer as much in the event of a price bubble. A price bubble refers to over-inflation of any product – e.g. property, land, and so on.
You can check out the rest of the article here.
My take on the rising property prices:
For people looking into getting more for their investment portfolio, the best time to get property is now, given that there’s also a housing crisis that needs to be faced. The Australian council is looking to approve housing at a rate higher than their previous records.
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